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Hunt Real Estate Capital Provides $35M to Refi Five-Property California Portfolio
New York-based Hunt Real Estate Capital provided one Fannie Mae Conventional Loan and four Fannie Mae Small Loans to refinance five properties located in California’s Los Angeles and Riverside counties. All five loans feature a 30-year, fixed-rate term and 30-year amortization schedule.
Hunt Real Estate Capital’s Chris Warren says, “Hunt Real Estate Capital was pleased to structure a custom loan arrangement to secure these properties and cater to the borrower’s long-term financial needs. Fannie Mae’s product portfolio was the perfect solution in this scenario, enabling us to deliver custom fixed terms and prepay penalties.”
The properties in the portfolio consist of:
-$19.83 million Fannie Mae Conventional Loan to refinance Park Towne Apartments, a 200-unit, garden-style apartment community located in Perris, CA (pictured).
– $1.57 million Fannie Mae Small Loan to refinance Bogart Apartments, a 15-unit, one-story apartment building built in 1987 in Riverside, CA.
– $2.54 million Fannie Mae Small Loan to refinance Summer Wind Apartments, a 24-unit, three-story apartment property built in 1987 in Hawthorne, CA.
– $4.21 million Fannie Mae Small Loan to refinance Windsong Terrace Apartments, a 39-unit apartment property in Hawthorne, CA.
– $4.40 million Fannie Mae Small Loan to refinance Bristol Square Apartments, a 40-unit property in Hawthorne, CA.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
